Ladd Park (Franklin, TN)
By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Ladd Park homes for sale - The high interest rates have made an impact on Ladd Park home sales with more days on market and a lower list price to sales price ratio. Meaning that buyers sometimes have room to negotiate, something we haven't seen in a few years. The average sales price for Ladd Park homes sold during the month of October was $1,001,497 compared to $939,626 last year. average days on market is up to 32 days, giving buyers a chance to take a good look before making a purchase the average size of Ladd Park homes sold during October was 3202 square feet making the average price per square foot $315 6 homes are currently pending sale 12 Ladd Park homes are listed in the Nashville MLS as available for purchase The absorption rate for Ladd Park homes is one month based on sales ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? August 2016 Properties active on the market: 41 Single-family properties closed in August: 33 Average sales price: $452,485 Average list price: $445,373 Sales price to list price ratio: 101.6% Average days on the market: 37 Ladd Park absorption rate: 1.2 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Seventy-nine percent of the homes closed in August were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? July 2016 Properties active on the market: 41 Single-family properties closed in July: 24 Average sales price: $458,933 Average list price: $448,602 Sales price to list price ratio: 102.3% Average days on the market: 31 Ladd Park absorption rate: 1.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Eighty-three percent of the homes closed in July were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? June 2016 Properties active on the market: 41 Single-family properties closed in June: 30 Average sales price: $469,712 Average list price: $454,869 Sales price to list price ratio: 103.3% Average days on the market: 42 Ladd Park absorption rate: 1.4 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Ninety percent of the homes closed in June were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price their...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? May 2016 Properties active on the market: 26 Single-family properties closed in May: 15 Average sales price: $475,595 Average list price: $460,950 Sales price to list price ratio: 103.2% Average days on the market: 28 Ladd Park absorption rate: 1.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Ninety-three percent of the homes closed in May were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price th...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? April 2016 Properties active on the market: 29 Single-family properties closed in April: 17 Average sales price: $462,781 Average list price: $453,159 Sales price to list price ratio: 102.1% Average days on the market: 51 Ladd Park absorption rate: 1.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Only three existing homes sold in Ladd Park during April at 97.6% of list price versus 14 new construction selling at 103.3% of list price.While new construction is bol...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? March 2016 Properties active on the market: 26 Single-family properties closed in March: 13 Average sales price: $441,677 Average list price: $429,773 Sales price to list price ratio: 102.8% Average days on the market: 30 Ladd Park absorption rate: 2 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Ladd Park is experiencing an extreme seller's market. The list price to sales price is excellent and the average days on the market are low. Eighty-five percent of the sales were due to new construction. Sellers must remember that new construction will be your primary competition. Pricing your home right in the beginning will ...
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Franklin, TN Real Estate Professionals